Tissue Microarray Market Synopsis by Top Industry Players as Agilent Technologies, Illumina, Asterand Bioscience, Pantomics, Applied Microarrays, Protein Biotechnologies, etc | Forecast Between 2019 to 2023

MRFR Reports Provides Prominent Analysis of Global Tissue Microarray Market report by geographical overview, major products, applications, and key players. The report utilizes historical trends of the Global Tissue Microarray Market and present statistics to derive.

Global Tissue Microarray Market - Overview

Global Tissue Microarray Market is anticipated to exhibit remarkable expansion at a CAGR of 10.88% during the forecast period of 2017-2023. Increasing prevalence of individuals suffering from cancer is inducing high demand for advanced diagnosis and treatment solutions in the global market, leading to the expansion of the global tissue microarray market. Rise in research and development expenditure and emergence for diagnostic solutions that provide results at a faster rate with the help of advanced technology are also propelling the growth of the global tissue microarray market.

Recent innovations in the field of pathology are aiding the development of advanced diagnosis and treatment solutions in the healthcare sector. Tissue Microarray is one such diagnostic procedure that allows high throughput assessment of multiple tissue samples simultaneously.

However, low penetration of advanced medical facilities and lack of awareness regarding the available healthcare solutions in the underdeveloped countries are restraining the growth of the global tissue microarray market during the forecast period.

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Competitive Analysis:

Some of the prime players profiled by MRFR that are operating in the global tissue microarray market are Agilent Technologies, Illumina, Inc., Asterand Bioscience, Pantomics Inc., Applied Microarrays, Protein Biotechnologies Inc., Arrayit, Phalanx Biotech, Qiagen, Takara Bio, Perkin Elmer, Merck Sharp & Dohme Corp, and general electric. The players in the global tissue microarray market are expanding their businesses by increasing their research and development expenditure and strategizing mergers and acquisitions. For instance, in April 2018, Cancer Genetics, a leading developer of precision medicine for immuno-oncology, has announced that it has received clearance from the U.S. Food and Drug Administration (FDA) for its tissue of origin (TOO) gene expression test.

Segmentation:

The global tissue microarray market has been segmented on the basis of procedure, technology, application, and end user. Based on procedure, the global tissue microarray market has been segmented into immunohistochemistry, fluorescent in-situ hybridization, and frozen tissue array. Based on technology, the global tissue microarray market has been segmented into DNA microarray, polymerase chain reaction, next-generation sequencing, northern blotting, and western blotting. Based on application, global tissue microarray market has been segmented into oncology, gene expression profiling, SNP detection, double-stranded B-DNA microarrays, comparative genomic hybridization, and sequencing bioinformatics. Based on end user, the global tissue microarray market has been segmented into pharmaceutical and biotechnological companies, research organization, and others.

Regional Analysis:

Geographically, the global tissue microarray market has been segmented into four major regions such as the Americas, Asia Pacific (APAC), Europe, and the Middle East and Africa. The Americas is projecting dominance over the global tissue microarray market owing to the rapid technological advancement in the healthcare sector, increased adoption of technologically advanced solutions for improving the diagnosis and treatment options available in the well-developed healthcare sector of this region, increasing availability of skilled professionals and high healthcare expenditure of the population in this region.

The Europe region commands the second largest share of the global tissue microarray market owing to the increased government funding for carrying out research and development activities for introducing advanced diagnosis and treatment solutions in the healthcare sector of this region.

The Asia Pacific region is projecting the fastest growth in the global tissue microarray market during the assessment period owing to the increased demand for advanced diagnosis and treatment solutions as a result of increasing prevalence of individuals suffering from cancer, and increasing healthcare expenditure of the population in the developing economies of this region. Lack of awareness, low availability of advanced medical services and slow development of healthcare sector in the underdeveloped countries are leading to the steady growth of the tissue microarray market in the Middle East and Africa region.

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